HAPAG-LLOYD’s merger with UASC has created the fifth-largest liner shipping company in the world, with a combined fleet of 230 vessels and a capacity of 1.6 million boxes.
The combined line plans to achieve $435 million in annual synergies by 2019 and reduce its need for further new-building investment.
The”new” Haag-Lloyd will have the youngest fleet among all of its large competitors, with the average ship age falling from 8.5 to 7.2 years, against an industry average of 8.3 years.
Haag-Lloyd did not operate ultra large containers vessels (ULCVs) with capacities of 15,000 TEU or more prior to the merger.
Six UASC’s ships, each with a capacity of 19,870 TEU, sail for the THE Alliance on the service between Asia and North Europe, while a further 10 UASC vessels can take on up to 15,000 TEU.
The merger of Hapag-Lloyd and UASC brings together 4,800 sales and customer service staff, representing the group in 125 countries around the world.
To ensure a smooth integration of the two merging companies UASC personnel will undertake 1,700 days of training, covering topics such as processes, applications and company structure
In a note to customers, Hapag-Lloyd said that the purpose of the training was to ensure a continuously high quality of service and safeguard the continued smooth transportation of cargo.
The two companies will be integrated into the Hapag-Lloyd brand but, for the time being, will continue operating with both Hapag-Lloyd and UASC Bills of Lading and systems to avoid any confusion.
Bookings can continue to be placed with either Hapag-Lloyd and/or UASC contacts. Upon integrating systems, processes and interfaces, bookings will be placed via the Hapag-Lloyd system for all sailings and services.
The commercial Cut-Over process which starts mid-July is due to be completed in October 2017.